|Day's Range||0.249 - 0.249|
|52 Week Range||0.2377 - 0.2789|
Amidst heightened geopolitical uncertainty, it might be surprising to hear that investors are bullish one of the most volatility-sensitive assets: emerging market currencies.
In today's Daily Market Commentary webinar, we had several questions about the decline in Brazilian stocks, like Petrobras ( PBR), and the Brazilian currency, the real. Widespread declines in EM currencies including the real, Turkish lira, and Chinese yuan preceded the bearish shocks the market experienced in the last half of 2015. When the U.S. dollar (USD) rises in value, international investors are often attracted to USD assets including bonds and stocks available on U.S. exchanges.
After the selloff in December, Chief Fixed Income Strategist Kathy Jones of Charles Schwab says investors are back with a "big appetite for risk" in sectors like emerging currencies. Yahoo Finance’s Alexis Christoforous speaks to her.